AAPL Options History — September 2014

In September 2014, AAPL traded between $24.47 and $25.82. ATM implied volatility averaged 25.1%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 3.3% (HV 20d: 21.8%). Max pain ranged from $23.21 to $23.57. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.56.

Notable Days

  • 2014-09-09: Highest Volume — 11,863,748 contracts
  • 2014-09-03: Largest IV spike — 26.0% change
  • 2014-09-03: Highest IV Rank — 68.6%
  • 2014-09-16: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.14$24.47$25.82$25.82$25.19
Max Pain$23.33$23.21$23.57$23.21$23.57
ATM IV25.1%21.1%30.3%24.0%27.2%
Expected Move7.2%7.0%7.4%7.1%7.1%
HV 20d21.8%10.2%28.0%10.2%28.0%
HV 60d18.1%15.1%20.7%15.1%20.3%
IV Rank41.2%20.0%68.6%35.5%52.5%
IV Percentile58.5%34.1%81.7%53.6%73.8%
Term Structure1.1%-1.7%5.7%-0.8%-0.5%
VWIV25.4%24.6%26.1%24.9%24.8%
Skew 25d1.4%0.4%3.8%0.4%2.3%
Skew 10d2.5%1.0%4.8%1.4%3.6%
Call IV 25d24.6%20.7%30.0%24.0%25.9%
Put IV 25d26.0%21.9%31.0%24.4%28.2%
Bid-Ask Spread %7.526.268.796.266.27
Gamma HHI0.080.050.090.080.08
Net GEX995.3M514.7M1.41B1.04B1.03B
Net DEX-29.94B-37.30B-20.18B-37.30B-29.47B
Net VEX-123.6M-132.7M-116.5M-116.6M-117.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.400.730.430.52
Total Volume4,750,861.7142,333,00011,863,7484,128,6723,643,596
Total OI45,511,635.8142,781,46848,637,32442,781,46844,709,064

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-09-02$25.82$23.2124.0%7.1%10.2%35.5%24.9%0.4%-0.8%1.04B-37.30B-116.6M0.436.26N/AN/A2,888,3001,240,37225,070,42817,711,040
2014-09-03$24.73$23.2130.3%7.3%19.4%68.6%25.9%1.1%-1.7%716.0M-25.66B-130.6M0.547.88N/AN/A5,952,9083,213,95625,344,87218,143,108
2014-09-04$24.53$23.2129.2%7.3%19.7%63.2%25.5%0.9%-1.4%714.8M-23.78B-132.7M0.528.79N/AN/A3,468,8601,816,52826,817,75218,804,900
2014-09-05$24.74$23.2128.5%7.3%19.7%59.2%25.7%1.2%-1.3%803.8M-25.92B-132.3M0.688.67N/AN/A2,252,5481,528,86027,227,38019,122,156
2014-09-08$24.59$23.2128.8%7.3%19.9%61.0%25.7%0.9%-1.2%829.1M-25.51B-128.4M0.527.30N/AN/A2,044,9361,068,55626,265,42818,303,952
2014-09-09$24.50$23.2126.2%7.3%19.6%47.3%25.4%0.7%-1.1%816.3M-24.51B-125.3M0.478.40N/AN/A8,092,9963,770,75226,846,45618,770,344
2014-09-10$25.25$23.2123.8%7.1%22.1%34.7%24.9%0.7%-0.8%1.30B-32.77B-126.8M0.517.85N/AN/A4,558,5042,340,73627,801,20419,606,664
2014-09-11$25.36$23.2123.8%7.1%21.8%34.4%25.1%0.7%-0.5%1.41B-34.59B-124.3M0.407.47N/AN/A3,207,1601,268,86028,228,97619,944,968
2014-09-12$25.41$23.2124.1%7.3%21.8%36.1%25.6%1.0%-0.7%1.23B-35.57B-126.4M0.456.90N/AN/A3,601,8001,606,90428,559,52820,077,796
2014-09-15$25.41$23.2123.4%7.4%21.8%32.4%25.9%0.8%2.9%1.16B-33.43B-128.4M0.486.82N/AN/A2,248,6601,080,98426,879,76818,809,336
2014-09-16$25.21$23.2123.2%7.4%21.7%31.4%26.1%1.0%3.5%1.08B-31.33B-124.0M0.537.08N/AN/A2,286,8761,222,22027,087,20419,042,440
2014-09-17$25.39$23.2121.8%7.2%21.3%23.9%25.6%1.0%5.7%1.18B-33.56B-120.3M0.577.54N/AN/A1,510,076862,65227,343,50019,264,104
2014-09-18$25.45$23.2121.1%7.2%21.3%20.0%25.3%1.1%4.5%1.24B-33.41B-121.6M0.566.92N/AN/A1,493,152839,84826,966,05219,249,504
2014-09-19$25.24$23.2122.7%7.3%21.5%28.5%25.4%1.3%3.2%955.5M-31.04B-122.4M0.638.57N/AN/A2,596,4321,646,03627,153,04419,385,584
2014-09-22$25.27$23.3923.2%7.2%21.4%31.3%25.1%1.8%2.5%944.2M-29.99B-116.8M0.627.91N/AN/A2,071,1681,291,82825,107,93617,761,888
2014-09-23$25.66$23.5722.4%7.0%22.1%27.0%24.7%1.7%2.8%1.14B-33.97B-116.5M0.616.93N/AN/A2,838,2601,719,33225,641,06418,231,668
2014-09-24$25.44$23.5723.0%7.0%22.2%30.3%24.6%1.6%3.0%860.1M-30.63B-119.7M0.706.84N/AN/A1,846,0961,283,84025,948,60818,864,460
2014-09-25$24.47$23.5728.0%7.4%25.7%56.8%25.9%3.8%2.2%514.7M-20.18B-121.9M0.737.76N/AN/A4,538,2163,295,30426,051,86819,127,248
2014-09-26$25.19$23.5724.4%7.1%28.0%37.7%25.0%2.3%2.7%1.03B-28.45B-123.7M0.617.51N/AN/A2,879,8481,745,04026,868,79219,519,652
2014-09-29$25.03$23.5727.5%7.2%28.0%53.9%25.7%2.6%-0.2%899.4M-27.59B-118.7M0.738.20N/AN/A1,682,0041,223,09225,697,39218,387,224
2014-09-30$25.19$23.5727.2%7.1%28.0%52.5%24.8%2.3%-0.5%1.03B-29.47B-117.5M0.526.27N/AN/A2,403,7681,239,82826,016,08818,692,976